Bell is cutting 1,300 positions and closing or selling nine radio stations as the company plans to significantly adapt how it delivers the news.
London's NewsTalk 1290.
Management positions are being slashed by six per cent, according to the company. There will also be 20 per cent fewer executive roles in the company compared with 2020.Around 30 per cent of the positions being eliminated are current vacancies that won't be filled. "To succeed in today's challenging economic, regulatory and competitive environment and be ready for what comes next, we need to accelerate our shift away from how telecom and media companies have operated in the past," Bibic said.In the U.S., the media industry has announced more than 17,000 cuts so far this year, the highest year-to-date on record, according to the May 2023 Challenger Report, which tracks layoffs.
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